Guideline Value for ATHITHANAR NAGAR 2ND STREET

Athithanar Nagar 2nd Street guideline value

The current guideline value of Athithanar Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Athithanar Nagar 2nd Street has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which saw a significant increase to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the 2024 guideline value for Athithanar Nagar 2nd Street.

• Athithanar Nagar: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar Ist Street: Rs 2,200 per sq.ft (2024)
• Ashok Brindhavan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Athithanar Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athithanar Nagar 2nd Street?

The Sub Registrar Office that covers Athithanar Nagar 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Iyyappanthangal

The guideline value is a crucial factor when registering property transactions in Iyyappanthangal. It serves as the basis for calculating the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Athithanar Nagar 2nd Street?

The current guideline value of Athithanar Nagar 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What is the land classification for Athithanar Nagar 2nd Street?

Athithanar Nagar 2nd Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Athithanar Nagar 2nd Street?

The Sub Registrar Office for Athithanar Nagar 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Iyyappanthangal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.